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Is Twilio (TWLO) Stock Outpacing Its Computer and Technology Peers This Year?
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Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Twilio (TWLO - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? One simple way to answer this question is to take a look at the year-to-date performance of TWLO and the rest of the Computer and Technology group's stocks.
Twilio is a member of our Computer and Technology group, which includes 659 different companies and currently sits at #5 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. TWLO is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for TWLO's full-year earnings has moved 10.71% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, TWLO has gained about 260.59% so far this year. In comparison, Computer and Technology companies have returned an average of -0.30%. As we can see, Twilio is performing better than its sector in the calendar year.
Looking more specifically, TWLO belongs to the Internet - Software industry, a group that includes 89 individual stocks and currently sits at #34 in the Zacks Industry Rank. On average, stocks in this group have gained 6.03% this year, meaning that TWLO is performing better in terms of year-to-date returns.
Investors with an interest in Computer and Technology stocks should continue to track TWLO. The stock will be looking to continue its solid performance.
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Is Twilio (TWLO) Stock Outpacing Its Computer and Technology Peers This Year?
Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Twilio (TWLO - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? One simple way to answer this question is to take a look at the year-to-date performance of TWLO and the rest of the Computer and Technology group's stocks.
Twilio is a member of our Computer and Technology group, which includes 659 different companies and currently sits at #5 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. TWLO is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for TWLO's full-year earnings has moved 10.71% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, TWLO has gained about 260.59% so far this year. In comparison, Computer and Technology companies have returned an average of -0.30%. As we can see, Twilio is performing better than its sector in the calendar year.
Looking more specifically, TWLO belongs to the Internet - Software industry, a group that includes 89 individual stocks and currently sits at #34 in the Zacks Industry Rank. On average, stocks in this group have gained 6.03% this year, meaning that TWLO is performing better in terms of year-to-date returns.
Investors with an interest in Computer and Technology stocks should continue to track TWLO. The stock will be looking to continue its solid performance.